3970 NW 31ST Terrace, Lauderdale Lakes FL 33309
Lauderdale Lakes, FL, 33309
$990,000
+ 15 more photos
Property facts
- Status
- Active
- Price
- $990,000
- Living area
- 3,534 sqft
- Lot size
- 8,850 sqft
- Year built
- 1972
- Type
- Quadruplex
- On market
- October 12, 2026
- MLS #
- B26087278
About this quadruplex
Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6,700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8,400 Monthly Or $100,800 Annually! Annual Expenses: Taxes $18,000, Insurance Estimated $7,500, Water $3,756, Lawn $660. Total Approx. $29,916 Annually. Projected NOI $70,884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!
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Listing courtesy of Fidelity Real Estate Group LLC, 954-345-9144. Listing information courtesy of the MIAMI Association of REALTORS® IDX feed. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's IDX Program. This information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.